Cheap Homes for Rent in Homewood, AL from $700 (31 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1529 1st Ave W

1529 1st Ave W

BirminghamAL35208

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. The Pearl at Homewood in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $685. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$685
Pointe Arlington1/1.001BR,1BA$700
Montrose and MontclairStudio Apartment - MontroseStudio,1BA$735
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
TivoliUnits 8-10, 12-15 1 BR / 1 BTH1BR,1BA$749
Element 261x1 [1st Floor, Street Facing]1BR,1BA$752
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775
Park On ValleyStudio Full Reno (pvspf)Studio,1BA$775
University Crossings2 Bed 1 Bath Small2BR,1BA$780

Best Value Apartments for Rent in Homewood, AL and Nearby

As of September 14, 2025 the best value apartment in the Homewood area is the $0.92 price per square foot B1R Model at Berry Falls Apartments in the in the Brownville neighborhood starting from $1,150. The second greatest value Homewood apartment is the The Quail Model at Kreekview Apartments starting at $1,275 with a $1.14 price per square foot in the Brownville neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Berry Falls ApartmentsB1R2BR,2BA$0.92
Kreekview ApartmentsThe Quail2BR,2BA$1.14
Places at Red Rocks2 Bedroom2BR,1BA$1.14
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
1412 11th St S, Unit #231412 11th St S2BR,1BA$1.09
Highpointe Apartments1x11BR,1BA$1.12
Alight Birmingham2 BEDROOM, 2 BATH2BR,2BA$0.77
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$1.13

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Homewood, AL

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Homewood, AL Rentals by Map

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 458 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $5,893. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $4,750.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $4,750 with an average monthly rent of $2,229.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.